VSE Awarded $99M to Support the USCG's FMS Program Contract

VSE will provide management and technical services support to the U.S. Coast Guard

VSE Corporation (Nasdaq: VSEC) reported today that its International Group has been awarded an Indefinite Delivery/Indefinite Quantity (IDIQ) contract to provide program and technical support services for Security Assistance Projects administered by the U.S. Coast Guard Foreign Military Sales (FMS) Program. This single-award contract has a five-year period of performance (base year plus four one-year options) and a ceiling in excess of $99 million.

Under this contract, VSE’s International Group will provide comprehensive program support, financial analysis, engineering, industrial, technical, logistics and transportation, warehouse and supply, and training support services for the purpose of acquiring, storing, reactivating, repairing, overhauling, refitting, modifying, transporting and transferring Ex-USCG Cutters, boats and related materials to foreign maritime services.

“We are very pleased to have been selected by Headquarters U.S. Coast Guard to provide support for the maintenance, modification and transfer of USCG maritime assets around the world,” said International Group President Harry Flammang. “From 1999-2007, VSE worked side-by-side with the USCG to successfully transfer cutters and craft and provide follow-on support services. In that time, we successfully transferred 13 USCG Cutters and 68 craft.”

VSE CEO Maurice “Mo” Gauthier commented, "The trust the Coast Guard has placed in our ability to perform this complex work reflects across all of VSE and demonstrates the spirit, focus and collaboration we practice every day with our customers. We are extremely proud to be selected for this important Coast Guard program and to further expand our presence in the FMS market place.”